Tareq Refat Ullah Khan, managing director & CEO (current charge) of BRAC Bank, and Sheikh Mohammad Ashfaque, deputy managing director & head of branch distribution network, along with other officials pose at a programme on Wednesday, celebrating the bank's record net deposit growth of Tk 100 billion in eight months. BRAC Bank's branch network has reported a record net deposit growth of Tk 100 billion in the first eight months of 2025, underscoring the sustained momentum in deposit mobilisation.
This milestone builds on the consistent upward trajectory achieved in recent years, as the branch network continues to redefine industry benchmarks for business growth, says a statement.
This milestone also reflects the bank's increasing customer confidence, intense engagement, and robust relationships.
The bank organised a celebration programme on Wednesday on the occasion. Tareq Refat Ullah Khan, managing director & CEO (Current Charge), and Sheikh Mohammad Ashfaque, deputy managing director & head of branch distribution network, were present at the event.
Mr Khan attributed the success to the bank's steadfast commitment to nurturing trust and the relentless efforts of the colleagues nationwide.
"Our ability to mobilise deposits portrays the strong customer relationship we have built with our customers over the years," Mr Khan added.
Annual Performance
BRAC Bank earned a record consolidated net profit of Tk 14.32 billion in 2024, securing a significant 73 per cent growth from Tk 8.28 billion in the year before, driven by substantial income from investments.
The third generation commercial bank's stand-alone net profit was Tk 12.14 billion, representing a 66 per cent increase from the previous year's Tk 7.30 billion.
Despite the stressed industry conditions, the BRAC Bank delivered strong balance sheet growth, significantly ahead of market average growth rates -- with total deposits growing by 34 per cent and loans and advances increasing by 20 per cent in 2024, said the bank in a statement.
Total consolidated revenue increased by 39 per cent year-on-year in 2024, driven by higher net interest income resulting from loan growth, efficient fund management and higher non-funded income.
The bank's NPL (non-performing loans) reduced to 2.63 per cent in 2024 from 3.38 per cent in 2023 driven by initiatives in underwriting, monitoring and recovery.
Based on the profit growth, the board of directors declared a 25 per cent dividend (12.5 per cent cash and 12.5 per cent bonus shares) for 2024. This is also the highest dividend declaration since 2015.
BRAC Bank's half-yearly consolidated net profit also grew 53 per cent year-on-year to Tk 9.05 billion for January-June this year, driven by investment income.
Recently, BRAC Bank has crossed the $1 billion mark in market capitalization, becoming the first and only bank in Bangladesh to reach this milestone.
This achievement underscores the sustained confidence of both local and international investors in the bank's performance and long-term prospects.
Listed in 2007, the bank's stock closed at Tk 67.5 on Thursday at the Dhaka Stock Exchange.
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